Realistic chances at bankruptcy law -> rx banking/distressed desk? Forum

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Realistic chances at bankruptcy law -> rx banking/distressed desk?

Post by Anonymous User » Mon Oct 11, 2021 7:07 pm

Wanted to know actual odds of landing a position in rx banking/a distressed fund coming from a top restricting practice like WG/KE. Seems to be extremely difficult and not as realistic as people claim on this forum.

Anonymous User
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Re: Realistic chances at bankruptcy law -> rx banking/distressed desk?

Post by Anonymous User » Tue Oct 12, 2021 11:20 am

There’s some interesting background in this recent thread: viewtopic.php?f=23&t=310561

Also, lol @ the “restricting practice” typo in the OP — a Freudian slip if ever there was one!

Anonymous User
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Re: Realistic chances at bankruptcy law -> rx banking/distressed desk?

Post by Anonymous User » Tue Oct 12, 2021 11:29 am

Near 0% to move directly from a debtor practice like Weil/KE unless you make the effort to also take on finance work. Odds are better if you are coming from a creditor focused shop like DPW, PW, Akin, Milbank.

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Re: Realistic chances at bankruptcy law -> rx banking/distressed desk?

Post by Anonymous User » Wed Oct 13, 2021 11:22 am

Anonymous User wrote:
Tue Oct 12, 2021 11:29 am
Near 0% to move directly from a debtor practice like Weil/KE unless you make the effort to also take on finance work. Odds are better if you are coming from a creditor focused shop like DPW, PW, Akin, Milbank.
I don't think this is true (the near 0% part) as I can think of at least three that have done it from KE relatively recently. Presumably some from Weil too. No idea what their backgrounds were and I'm sure it's true that creditor shops place better, but it's not like some crazy unicorn thing.

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